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Financial News: BRAZIL: Economic Activity Index Rises More Than Expected

BRAZIL: Economic Activity Index Rises More Than Expected In September

11/20/2017 - 17:17:00 (RTTNews)

(RTTNews) - The Brazilian economic activity index IBC-Br rose 0.40% in September from a month before, beating the market forecast of a 0.33% increase, according to the country's central bank.

Compared to September 2016, the IBC-Br rose 1.30%, in line with market expectations. In the third quarter, the index increased 0.60% from the previous quarter and 1.66% compared to a year earlier.

The data reinforces expectations that Brazil posted a healthy Gross Domestic Product (GDP) expansion from July to September, said analysts from Bradesco in a report.

"We still hope for a stronger economic activity growth in the fourth quarter, consistent with the forecast of a 0.9% GDP increase in 2017," they added.

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